Saturday, June 24, 2017

KEMPER IS SOLYNDRA TIMES 14


 

 Steven Chu the energy secretary who gave us Solyndra actually had his hands in a far worse project.  The Kemper project in Mississippi is the most gangrene green energy project ever.  It is Solyndra times 14 as it cost $7.5 billion while the Solyndra debacle cost $535 million.

 
Back in 2010 then Secretary of Energy Chu compelled Mississippi to go for the Kemper project.  The project is medium sized power station that used lignite coal in a gasifier to create the combustible gases used in a turbine to generate electricity.  Of course natural gas is the best and cheapest fuel to use in a turbine but Chu and his DOE as well as Barack Obama wanted a project to demonstrate clean coal with carbon capture.  Sadly they picked a big time loser in the gasifier technology that produces the combustible gases from coal and picked an even bigger time loser in Southern Company to own and operate the project.


Much has been written about the poor management if not corruption in executing the project.  Even the New York Times got into lambasting the dirty secrets of the Kemper project.



What has not been written much is how Steven Chu, Obama’s wonder-boy scientist forced the public services commission (PSC) in the Magnolia State to approve the project, and place the cost of the project in the rate base for Mississippi Power the electric utility owned by Southern Company.

 An Article from May 2010 in the Mississippi Business Journal  shows how Dr. Chu wanted the project to go ahead very badly.

http://msbusiness.com/2010/05/us-energy-secretary-wants-kemper-approval/

 The History Project also reported on how Dr. Chu badly wanted the project.

 
Both Secretary Chu and his successor Ernie Moniz were in tight with Southern Company. 


 I have blogged very frequently how Kemper, Ivanpah, and Solyndra were projects that should never have been started let alone funded by Mr. Obama and his Department of Energy.  Kemper takes the cake for the most corrupt and Voodoo Science based project of all.  The Mississippi public services commission is now targeting Kemper to simply run on Natural Gas.  




Had Southern and the Mississippi PSC  started out the project as a combined cycle natural gas station they would have spent one fourteenth of the cost of Kemper and the plant would have been up and running four years ago.

Dr. Chu and Dr. Moniz must be called to a congressional hearing on their roles in the Kemper fiasco.  It makes Solyndra and even Ivanpah look like small potatoes.  I will call a hearing at the international court of thermodynamics at which Chu, Moniz, and Obama will be charged with obstruction of thermodynamics.  These three practiced voodoo science.   Kemper although massive is still a tip of a gangrene iceberg created by Chu, Moniz and Obama.

Sunday, June 11, 2017

Khosla Settles KIOR Shareholder Suit



Vinod Khosla the Obama Presidential Library Builder has agreed to cough up some dough to settle a shareholder lawsuit against him and others in the KIOR ecofraud.

http://www.thestate.com/news/business/national-business/article155482079.html

The Green Machine AKA The Thermanator was to the first to expose KIOR as an ecofraud years ago.  Con D Rice the war on carbon criminal insider traded shares in KIOR for a profit when she was on their board of directors.  She was not part of the suit.  The CEO, the CFO, and Vinod the Thermodynamic Clown Khosla coughed up the $4.5 million


Interesting that the plant in Mississippi that cost $230 million to build has been sold for $2.7 million.  Perhaps Khosla and Doerr the other Thermodynamic cretin of a VC can help Obama build a $10 million library since they are experts at yielding 1% of an investment.

The next cases to be fought and settled are those where Khosla screwed small shareholders in Amyris and Gevo.  You see Khosla the big time Obama backer is a serial faker in the green energy space.  He had losers in Cello, Range, Calera, LS9, Lightsail, and others besides the three public companies that have flopped.





Saturday, June 3, 2017

Paris Accord Honda Accord


The US will continue to use more natural gas and so will the world.  The reductions in CO2 emissions we have achieved so far are in large measure to the increased use of CH4 over coal,  I bet Trump will approve a very big project to reduce CO2 emissions and show his detractors that the Paris Accord was simply a wasteful endeavor but that he actually cares for environment.  Obama was clueless in Thermodynamics and Gore is an out and out fake so let's see if Trump is greener than his predecessor???? 

$10,000 invested in GEVO is now worth $1.36 and 99.99% of the investment has evaporated